Mechanical Additions Running Into Crores Cannot Survive Without Proper Verification: ITAT Mumbai

ITO Vs Bluepearl Trading Company Private Limited (ITAT Mumbai) The Revenue filed an appeal before the Income Tax Appellate Tribunal (ITAT), Mumbai, challenging the order of the Commissioner of Income Tax (Appeals), NFAC, Delhi, dated 19.11.2025, arising from an assessment order passed under Section 144 of the Income Tax Act, 1961, for Assessment Year 2022-23. The assessee had filed its return of income on 03.11.2022 declaring a business loss of ₹1,98,134. During assessment proceedings, the Assessing Officer issued various notices, and the assessee furnished details and submissions from time ...